Ethereum

Cardano

Verus

Million

USDC

The Verus Ethereum Bridge has been exploited for about $7.54 million, marking the project's second hack since May and renewing concerns about the security of cross-chain infrastructure that moves value between blockchains.The Verus Ethereum Bridge exploit is part of a wider wave of attacks on Bitcoin- and Ethereum-linked protocols, with several projects <a href="https://www.coindesk.com/tech/2026/07/23/bitcoin-ethereum-linked-protocols-lose-usd35-million-in-multiple-attacks-hours-apart" rel="noopener noreferrer nofollow">losing a combined $35 million in incidents hours apart</a>. The reported loss from the Verus bridge sits at roughly $7.54 million. For related coverage, see <a href="https://www.coinlineup.com/verus-bridge-attacker-returns-8-5-million-eth-keeps-bounty/" rel="noopener noreferrer nofollow">Verus Bridge Attacker Returns $8.5M in ETH, Keeps Bounty</a>.On-chain, the funds movement tied to the incident can be traced through the associated Ethereum addresses on <a href="https://etherscan.io/address/0x65cb8b128bf6e690761044cceca422bb239c25f9" rel="noopener noreferrer nofollow">the block explorer record</a>, where transfers and balances are publicly visible for independent verification. For related coverage, see <a href="https://www.coinlineup.com/tesla-retains-11509-bitcoin-despite-112-million-quarterly-loss/" rel="noopener noreferrer nofollow">Tesla Retains 11,509 Bitcoin Despite $112 Million Quarterly Loss</a>.<h2 id="why-a-second-hack-since-may-raises-the-stakes">Why a second hack since May raises the stakes</h2>This is the second time the Verus bridge has been compromised in a matter of months. The first breach, in May, was <a href="https://www.halborn.com/blog/post/explained-the-verus-ethereum-bridge-hack-may-2026" rel="noopener noreferrer nofollow">documented in detail by security firm Halborn</a>, making the latest incident a repeat security event rather than an isolated one. For related coverage, see <a href="https://www.coinlineup.com/best-crypto-tax-software-in-2026/" rel="noopener noreferrer nofollow">Best Crypto Tax Software in 2026: 8 Tools Compared for Beginners, Traders, and DeFi Users</a>.A repeat exploit is significant because it points to an ongoing security narrative around the project rather than a one-off failure. For bridge users, back-to-back incidents directly test user confidence in whether funds routed through the protocol are safe.In the earlier episode, the <a href="https://www.coinlineup.com/trustedvolumes-attacker-returns-2-million-keeps-2-million-bounty/" rel="noopener noreferrer nofollow">attacker returned $8.5 million in ETH while keeping a bounty</a>, an outcome that shaped how the community judged the project's response. Whether the latest exploit follows a similar path is not yet confirmed.<h2 id="what-bridge-users-should-watch-next">What bridge users should watch next</h2>Cross-chain bridges remain a recurring target across ecosystems. Comparable incidents include an <a href="https://www.coinlineup.com/afx-bridge-exploit-drains-24-15-million-usdc/" rel="noopener noreferrer nofollow">AFX bridge exploit that drained $24.15 million in USDC</a> and a NIGHT bridge exploit affecting the Cardano ecosystem, underscoring that bridge security is an industry-wide problem.The most useful signals for affected users will be official updates from the Verus team on the scope of the loss and the operational status of the bridge. Until those are published, the practical impact on users, including whether deposits are recoverable, cannot be established from the available evidence.Readers monitoring the situation can follow the on-chain trail through the <a href="https://etherscan.io/address/0x71518580f36feceffe0721f06ba4703218cd7f63" rel="noopener noreferrer nofollow">second flagged Ethereum address</a> to see how the funds move in real time, rather than relying on secondhand accounts.Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.<a href="https://www.coinlineup.com/?p=28433" rel="noopener noreferrer nofollow">Read original article on coinlineup.com</a>

Verus Ethereum Bridge Exploited for $7.54 Million in Second Hack Since May

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